Market Collapse predicted by Congressman Ron Paul

Very generalized, I realize that. The up and down is following a pattern very near to the very odd up and down the market experienced before 9/11. The economy might look good on paper right now at this moment, but with nearly nothing being produced here, where is the money to maintain the economy going to come from? http://www.financialnews-us.com/?page=ushome&contentid=2448565379 http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/08/07/bcnchina107a.xml With all the extra millions of people to support that are not paying into the economy on a regulated basis (yes, I mean the illegals), how are we to maintain this great economy? With other countries all over the world beginning to refuse the U.S. Dollar, the dollar itself is expected to eventually collapse. http://www.worldnetdaily.com/news/article.asp?ARTICLE_ID=53311 http://www.rense.com/general58/USdollarheadingforcoll.htm http://www.pressesc.com/01180629622_dollar_falls http://www.worldnetdaily.com/news/article.asp?ARTICLE_ID=57333

I'm going to have to agree to disagree on this one, Ted. Btw, unemployment is calculated by the number of people collecting unemployment, not by the number of people out of jobs.

Sorry, I just don't buy the whole "terrible economy" doom and gloom scenario. Unemployment is at healthy levels, the stock market is moving in healthy directions, in fact at all levels market forces (when they are allowed to work themselves out) are taking care of any real problems. Yes, there has been bad loan decisions by both lenders and borrowers, so guess what... the market took care of the problem. Yeah, a lot of people are losing out, but guess what, that is all part of a healthy market. Loss is healthy just as gain is. What is unhealthy is using the government to artifcially hedge against loss, or limit gain.

Broad or not, every American citizen has a right to know and a responsibility to look this stuff up before it's too late to stop it by complaining & boycotting stuff. Might want to research that 1929 bit. More evidence is coming out that that crash was every bit as intentional as the upcoming crash. Bush just opened the borders officially this past Saturday...just found that out today in Accounting class...off topic. Anyway, our economic growth is coming from nowhere. Our economic collapse is well underway.

Mattel is going under fast too. They are doing recalls like nobody's business (thanks to that lead paint from China), and it is rumored in the business community that they are not offering refunds for these recalls. How true that rumor is, I do not know, but if you go to the Mattel website, there's no mention of refunding the recalls or not refunding the recalls, so there' no way of knowing if that's true right now. Our community is down several factories, and the neighboring county, where a lot of people here are still lucky enough to have a job, is going under fast too. The Delphi plant in Kokomo got popped cooking 4 years worth of books, and since the mandatory ethics classes for ALL personnel (court ordered), not to mention fines, pentalties, attorney/court fees, etc., are going to set them back bigtime. I look for them to follow suit and head to China. You're right on the money on this one. Our economy is screwed beyond belief.

Yes that's my point. Service jobs like Micky D's and Walmart isn't any kind of base for economic growth .In my neck of the woods we had the major toy manufacturers Milton Bradley and LEGO. Now that eighty percent of all american toys are produced in CHINA the jobs are all but disappeared and the plants are closed.

Hopefully the wising up will begin before the mass-herding into the camps. *sighing with you*

Ya got that right. Henry Ford said (hmmm, close to 70 years ago!) that people would riot in the streets if they really know what went on with American banking and finances.